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9:25 AM ET, January 26, 2009

memeorandum

 Top Items: 
William Kristol / New York Times:
Will Obama Save Liberalism?  —  All good things must come to an end.  Jan. 20, 2009, marked the end of a conservative era.  —  Since Ronald Reagan's election in 1980, conservatives of various sorts, and conservatisms of various stripes, have generally been in the ascendancy.  And a good thing, too!
David E. Sanger / New York Times:
Nationalization Gets a New, Serious Look  —  WASHINGTON — Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout …
RELATED:
David Enrich / Wall Street Journal:
Lending Drops at Big U.S. Banks  —  Top Beneficiaries of Federal Cash Saw Outstanding Loans Decline 1.4% Last Quarter  —  Lending at many of the nation's largest banks fell in recent months, even after they received $148 billion in taxpayer capital that was intended to help the economy by making loans more readily available.
ABCNEWS:
Blago Says He Thought of Oprah for Senate  —  Blago Goes on ‘GMA’ and Skips His Impeachement Trial  —  Illinois' beleaguered Gov. Rod Blagojevich said today that when he was deciding who would take President Obama's Senate seat he considered appointing talk show queen Oprah Winfrey.
Paul Krugman / New York Times:
Bad Faith Economics  —  As the debate over President Obama's economic stimulus plan gets under way, one thing is certain: many of the plan's opponents aren't arguing in good faith.  Conservatives really, really don't want to see a second New Deal, and they certainly don't want to see government activism vindicated.
New York Times:
Obama's Order Is Likely to Tighten Auto Standards  —  WASHINGTON — President Obama will direct federal regulators on Monday to move swiftly on an application by California and 13 other states to set strict automobile emission and fuel efficiency standards, two administration officials said Sunday.
Andy McCarthy / The Corner:
Holder Continues to Claim that He Knew Nothing About Rich  —  After Eric Holder's confirmation hearing nearly two weeks ago, senators on the Judiciary Committee submitted follow-up questions for him to answer in writing.  In his hearing testimony, as in 2001 when Congress investigated …
Bob Cusack / The Hill:
Top Dem: No comprehensive health reform this year  —  A prominent House Democrat said he doesn't expect a comprehensive healthcare reform bill to pass Congress in 2009, saying an incremental approach to covering the uninsured would be better “than to go out and just bite something you can't chew.”
Wall Street Journal:
The Stimulus Time Machine  —  That $355 billion in spending isn't about the economy.  —  The stimulus bill currently steaming through Congress looks like a legislative freight train, but given last week's analysis by the Congressional Budget Office, it is more accurate to think of it as a time machine.
Discussion: The Hill, Commentary and Betsy's Page
Louise Story / New York Times:
For $10, Fuld Sold Florida Mansion to His Wife  —  Housing prices are falling around the country, but this one sounds hard to believe: A seaside mansion on Jupiter Island in Florida, bought for more than $13 million five years ago, was just sold for $10.  —  That's right, 10 bucks.
Discussion: Reuters
New York Times:
Pfizer Agrees to Pay $68 Billion for Rival Wyeth  —  The board of Pfizer, the world's largest drug maker, agreed to acquire a rival, Wyeth, for $68 billion, the companies announced Monday.  —  The deal not only create a pharmaceutical behemoth but would be a rarity in the current financial tumult …
Discussion: DealBook and WSJ.com
CNN:
Paterson: ‘No signal from me’ for Kennedy to quit  —  NEW YORK (CNN) — New York Gov. David Paterson said Sunday that Caroline Kennedy received “no signal from me that she had to withdraw” from her campaign to fill Hillary Clinton's vacant U.S. Senate.  —  Appearing at a news conference …
RELATED:
Fox News:
Pelosi Shrugs off Alcatraz as Possible Terror Detention Facility  —  Republicans opposing an Obama administration order to close Guantanamo Bay prison facility within a year suggest sending terror detainees to House Speaker Pelosi's district.  —  FOXNews.com
RELATED:
CBS News:
Time Running Out For A Two-State Solution?  —  60 Minutes: Growing Number Of Israelis, Palestinians Say Two-State Solution Is No Longer Possible  —  (CBS) Getting a peace deal in the Middle East is such a priority to President Obama that his first foreign calls on his first day in office were to Arab and Israeli leaders.
Discussion: Israel Matzav and Corrente
RELATED:
Thomas L. Friedman / New York Times:
This Is Not a Test
Discussion: Commentary and Israpundit
 
 
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 More Items: 
Financial Times:
SPD chief attacks financial ‘gangsters’
Alissa J. Rubin / New York Times:
Iraq's Leader Pushes for Election Gains, but Some Fear Iron Hand
Discussion: Commentary and Informed Comment
Michael D. Shear / Washington Post:
Financial Institutions May Need Additional Funds, Biden Says
Discussion: Truthdig
Washington Post:
Fed May Gain More Financial Oversight
Discussion: Economy Watch and Kevin Drum
Chelsea Kate Isaacs / The Miami Hurricane:
‘Campaign architect’ Karl Rove speaks to students about Gitmo, presidential legacy
Discussion: Taegan Goddard's …
 Earlier Items: 
USA Today:
Obama to take steps to tighten auto emission standards
Discussion: CBS News and Reason
Rachel Johnson / Times of London:
‘Soviet’ Britain swells amid the recession
Discussion: Samizdata.net and Pajamas Media
Jeralyn / TalkLeft:
Drug Lawyer Turns Informant, Stings Clients
Discussion: Unqualified Offerings
Rex Nutting / MarketWatch:
Economy in free fall in fourth quarter
Michelle Levi / CBS News:
Biden: I Am Not “Deputy President”
Discussion: MyDD and RedState